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Dec 26, 2012
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now the lapse of the tax cuts would mean that the top tax rate would revert back to 39.6 from the clinton administration from 35% now but taxes would also go up for lower income earners. the maximum low rate would revert back to 15% from 10% now. the for investors, capital gains rates would revert to 20% from 15% now. depending on the analysis, the average family would pay 2,000 to 4 thou more in taxes next year. back to you guys. tracy: peter we were talking about the protocol. you sent a great little ted it about. you have to explain it to the viewers. the house makes these rules, three day rule everyone gets opportunity to read but the house has the opportunity to throw them out of the window. >> that's right. the house can waive its rules so they can waive the three-day rule, but, also the three days isn't 72 hours now. it is like, it's three calendar days. if they post it one minute before midnight on one day, then have it for 24 hours for day two, they can post it for one men on day three, that apparently now counts as three-day rule. so 24 hours and two minutes. tracy: it's a joke.
now the lapse of the tax cuts would mean that the top tax rate would revert back to 39.6 from the clinton administration from 35% now but taxes would also go up for lower income earners. the maximum low rate would revert back to 15% from 10% now. the for investors, capital gains rates would revert to 20% from 15% now. depending on the analysis, the average family would pay 2,000 to 4 thou more in taxes next year. back to you guys. tracy: peter we were talking about the protocol. you sent a...
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Dec 26, 2012
12/12
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FBC
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cuts in medicare the laps of the tax cuts would mean the top tax rate would revert back to 39.6 in the clinton administration from 35% now but taxes will also go up for tax rates would go up for lower-income earners. the maximum lowest rate reverting to 15% from 10% and for investors capital gains rates would revert to 20% from 15% and depending on the analysis the average family would pay 2,000 to $4,000 more in taxes next year. dennis: quick follow-up. in terms of profitmaking in washington is now officially impossible to get a fix in place by december 31st? is it impossible? peter: it is not impossible. you are probably referring to this three day period that the house requires for reading legislation. in theory if the senate did something by friday, they would have saturday, sunday and the house could vote on monday, but if we got into pingpong, good luck with that. dennis: thank you very much. shibani: christmas miracles can happen. snow and wicked wind preventing thousands from flying home this christmas. join me live in the weather center as the storm moves towards the northeast. watch
cuts in medicare the laps of the tax cuts would mean the top tax rate would revert back to 39.6 in the clinton administration from 35% now but taxes will also go up for tax rates would go up for lower-income earners. the maximum lowest rate reverting to 15% from 10% and for investors capital gains rates would revert to 20% from 15% and depending on the analysis the average family would pay 2,000 to $4,000 more in taxes next year. dennis: quick follow-up. in terms of profitmaking in washington...
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Dec 25, 2012
12/12
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CSPAN2
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the clinton administration and iman. in july 1999, secretary cuomo announced fannie and freddie would increase the percentage of their mortgage financing that went too low or moderate income families to 50% in 2001 from 42% that was set back in 1995. these new rules would provide affordable housing for 28.1 million families over the next decade. think about it. cuomo could promise to create 20.1 million homeowners without asking congress to set down a single penny. simply told fannie and freddie to do it. and they said we would be delighted. you remember how jesus said 5,000. cuomo housed twenty-eight.1 million. rains also has ambitious goals for profits. he set a goal of doubling earnings to $6.46 per share within five years and this $6.46 number was taken seriously by his team. this is a pep talk from a senior vice president at fannie mae. you must be able to say it in your sleep and forwards and backwards, raging fire in your belly that burns away all doubts, you must live, breathe and dream 646. fannie did meet that
the clinton administration and iman. in july 1999, secretary cuomo announced fannie and freddie would increase the percentage of their mortgage financing that went too low or moderate income families to 50% in 2001 from 42% that was set back in 1995. these new rules would provide affordable housing for 28.1 million families over the next decade. think about it. cuomo could promise to create 20.1 million homeowners without asking congress to set down a single penny. simply told fannie and...
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Dec 27, 2012
12/12
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i want to ask you about the secretary of state, hillary clinton. we understand that some republicans may try to block voting or confirming the nomination for the secretary of state in john kerry until hillary clinton actually testifies before the committee on what took place in benghazi, what her role may or may not have been. what do you say to that? >> correct. i think they're right to do so. secretary clinton will be coming up to d.c she must testify about benghazi. and now must testify about this. they could be mincing words and parting words and say, we didn't really say they're no longer on the payroll, but they sure made it sound that way. so she's got a lot of explain to go do and i think the senators are correct in doing so. we expect secretary clinton to testify before our committee by mid january and here is another lie and another misdirection that she's got to account for. >> kelly: congresswoman, we thank you for joining us today. have a good day. >> thank you. >> kelly: next up, think tax incentives for electric cars are a good deal?
i want to ask you about the secretary of state, hillary clinton. we understand that some republicans may try to block voting or confirming the nomination for the secretary of state in john kerry until hillary clinton actually testifies before the committee on what took place in benghazi, what her role may or may not have been. what do you say to that? >> correct. i think they're right to do so. secretary clinton will be coming up to d.c she must testify about benghazi. and now must...
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Dec 27, 2012
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to return to the clinton era tax rates? >> no. that was 39%. i don't think that's a big deal and not comparable to what the rates were under reagan or going back to even clinton. clinton was 39%. >> that's where we are going, 39%. >> what about this? every time bainner and obama gets close to a deal, obama moves the goalpost back. >> because he's playing hardball. he's going, republicans, i don't care about that, i get that for free. he's kind of the guy that came to play and staunch for his side. >> the american people, when you look at the policy, they think it's president obama who is willing to compromise. >> because he's able to fit it in. because he hasn't conceded anything. >> and who are the obstructionists? who is afraid to move? it's my ideology, i can't negotiate. and even if we go off the cliff we endanger the whole economy. >> again, the idea of add hearing to a principle sadly in this world is seen as extremist, which is trying to limit government and cutting taxes. what obama has been able to do is shift the
to return to the clinton era tax rates? >> no. that was 39%. i don't think that's a big deal and not comparable to what the rates were under reagan or going back to even clinton. clinton was 39%. >> that's where we are going, 39%. >> what about this? every time bainner and obama gets close to a deal, obama moves the goalpost back. >> because he's playing hardball. he's going, republicans, i don't care about that, i get that for free. he's kind of the guy that came to...
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Dec 27, 2012
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the questions for secretary clinton i think are very straightforward. what did she know, when did she know it and what did she do it before, during and after the attack? i would like to know, for example, minute by minute what she did on september 11th. who did she talk to? did she talk to the president? what did she ask happen in terms of assistance? before september 11th was she aware of the request for enhanced security? and if not, why not? this was a critical post. this was supposed to be a great success story for the obama administration in libya. this was not some embassy in iceland or luck i amburg where there was no terrorist threat. i think the secretary has to come up and raise her right-hand and answer these questions. >> absolutely. especially in light of the intelligence reports we were receiving that they were in the area, they were active and that was not an area that was peaceful, it was still hostile and needed to be treated appropriately with adequate security. when you send people overseas with their lives to do something 20 protect
the questions for secretary clinton i think are very straightforward. what did she know, when did she know it and what did she do it before, during and after the attack? i would like to know, for example, minute by minute what she did on september 11th. who did she talk to? did she talk to the president? what did she ask happen in terms of assistance? before september 11th was she aware of the request for enhanced security? and if not, why not? this was a critical post. this was supposed to be...
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Dec 27, 2012
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we'll hear from hillary clinton. when? and how much time will she spend on capitol hill answering the questions directly? she doesn't want to do this. she hasn't wanted to talk about benghazi from the beginning. whether it was september 16, when she was, she decided not to do the briefings on sunday shows. and sent susan rice instead. or september , 20 appeared before congress and gave what is described to me as short answers. certainly not forthcoming and not eager to answer the questions. >> doug: a.b., she said through the support she will testify before congressional committees and she will implement the recommendations made by the arb. >> i think she will. i don't think she has a choice. i think she wants to and i think she put it off. i believe as i said here before you don't lie when you're secretary of state about a concussion. it's not something you can get away with lying about. but i do believe that she is dreading it. but she will do it. she will answer the questions about whether or not people are truly punish
we'll hear from hillary clinton. when? and how much time will she spend on capitol hill answering the questions directly? she doesn't want to do this. she hasn't wanted to talk about benghazi from the beginning. whether it was september 16, when she was, she decided not to do the briefings on sunday shows. and sent susan rice instead. or september , 20 appeared before congress and gave what is described to me as short answers. certainly not forthcoming and not eager to answer the questions....
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Dec 27, 2012
12/12
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the outgoing secretary of state hillary clinton is also popular with a 66 percent approval rating. and the bal poll shows a majority of americans support stricter gun laws but most are against banning assault weapons. 58 percent of americans now say they support stricter gun laws that's up from 43% and october 2011. the american public is now split on enforcing existing laws instead of passing new ones. 40¢ per set of the public wants to enforce current laws while 47 once the legislation. this is a big law to ban assault weapons which is backed by president obama has not gained much support since october 2011. 44 percent support and assault weapons ban while 51 percent are against it. >> today 200 use of teachers will get the proper training to be able to carry a weapon. the utah shooting sports council said it would waive its $50 fee for concealed weapons training for the teachers. it's an idea gaining traction in the aftermath of the connecticut school shooting. you ties among few states that let people carry license concealed weapons and the public schools without exception. >>
the outgoing secretary of state hillary clinton is also popular with a 66 percent approval rating. and the bal poll shows a majority of americans support stricter gun laws but most are against banning assault weapons. 58 percent of americans now say they support stricter gun laws that's up from 43% and october 2011. the american public is now split on enforcing existing laws instead of passing new ones. 40¢ per set of the public wants to enforce current laws while 47 once the legislation. this...
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Dec 28, 2012
12/12
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secretary of state hillary clinton is set to return to work next week. she's been out of commission almost three weeks since she fell and hit her head, after becoming dehydrated from a sfm virus. her illness led her to cancel an appearance before congress on the u.s. consulate attack in libya. a seventh death in queens from an oncoming train in queens. earlier this week, a man was also shoved onto the tracks in times square. a 38-year-old homeless man was charged for his murder. he claims he acted in self-defense. for all of your latest headlines, go to foxnews.com. you are watching the most powerful name in news, fox newschannel. >> michael jackson's late effort family drama, this year's headlines read like a movie script. but it also brought a loss to some entertainment legends. hears a look at some of the biggest stories. ♪ and i will always love you >> the body of 48-year-old whitney houston lay on the fourth floor of the beverly hilton hotel. police saying that they showed up about 3:55:00 p.m. pacific time responding to a distress call there at t
secretary of state hillary clinton is set to return to work next week. she's been out of commission almost three weeks since she fell and hit her head, after becoming dehydrated from a sfm virus. her illness led her to cancel an appearance before congress on the u.s. consulate attack in libya. a seventh death in queens from an oncoming train in queens. earlier this week, a man was also shoved onto the tracks in times square. a 38-year-old homeless man was charged for his murder. he claims he...
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Dec 27, 2012
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WMAR
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secretary of state hillary clinton also pretty popular with 66% approving of her job performance. a little more than half of the people asked feel that both president obama and vice president joe biden are doing a good job. >>> just a few hours you will be able to gamble any time of the day that you want. >> maryland live casino is getting ready to open its doors and once that happens they're going to remain open 24/7. >> abc2 news linda so is there this morning and linda the apartment was empty. casino is empty but it's not going to stay that way for long. >> reporter: no, just a few hours at 8:00 to be exact they'll be opening the doors for good. the lights are so pretty. they're getting ready for a big day today. when the doors open at 8:00 this morning they will stay open 24 hours a day, 7 days a week, 365 days a year. and let me show you right here by the main entrance. as soon as you walk in come spring all of these machines will actually be moved out of the way for table games. and right over there, to the right, they'll be moving those machines out make way for the blackja
secretary of state hillary clinton also pretty popular with 66% approving of her job performance. a little more than half of the people asked feel that both president obama and vice president joe biden are doing a good job. >>> just a few hours you will be able to gamble any time of the day that you want. >> maryland live casino is getting ready to open its doors and once that happens they're going to remain open 24/7. >> abc2 news linda so is there this morning and linda...
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Dec 28, 2012
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i'm getting very frustrated and quite frankly tired of this. >> secretary clinton said she'll of it. she's had a concussion. >> and that's true. she was sick. and she will of it. >> all right. secretary of defense pennetta didn't have a concussion so where is his testimony? let me ask you one other question. senator kerry has been nominated for secretary of state. he's the chairman of the senate foreign relations committee. so is he going to chair this when they do of it? >> i don't know. you asked me a good question, does he have a conflict of interest. people would second guess was he too tough, not tough enough. that's something john needs to think about, whether or not to lead that hearing. but she'll of it and i want to know did she know about all the attacks before september 11th, the april and june attack? and i want to know if it's true that susan rice said the reason she went on tv, susan rice, on the 16th of september, not hillary clinton, was because secretary clinton was tired in counseling people who were grief stricken. >> she told you that? >> she told the world on nbc
i'm getting very frustrated and quite frankly tired of this. >> secretary clinton said she'll of it. she's had a concussion. >> and that's true. she was sick. and she will of it. >> all right. secretary of defense pennetta didn't have a concussion so where is his testimony? let me ask you one other question. senator kerry has been nominated for secretary of state. he's the chairman of the senate foreign relations committee. so is he going to chair this when they do of it?...
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Dec 28, 2012
12/12
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KGO
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secretary of state clinton is going back to work next week, according to her spokesman. clinton has been recovering from a concussion she suffered while fainting while fighting a stomach virus she was out for three weeks. she has promised to testify next month before congressional committees on the attack in libya. >> j president obama will meet with leaders from capitol hill today, hoping to avoid the fiscal cliff, combination of spending cuts and tax hikes with will go into effect unless lawmakers can broker a deal before the end of the year. will meet with congressional white house. it may be too late for a deal. there are just four days left before the fiscal cliff deadline. jive to be very honest mr. president, -- >> i have to be very honest mr. president, i don't know time-wise how it can happen now. >> reporter: senate majority leader harry reid]vtkÑ lashed ot at speaker boehner accusing him of running a tar forship. >> john boehner seems to -- >> reporter: republican leaders blame democrats for the standoff and say there are limits to a compromise. >> republican
secretary of state clinton is going back to work next week, according to her spokesman. clinton has been recovering from a concussion she suffered while fainting while fighting a stomach virus she was out for three weeks. she has promised to testify next month before congressional committees on the attack in libya. >> j president obama will meet with leaders from capitol hill today, hoping to avoid the fiscal cliff, combination of spending cuts and tax hikes with will go into effect...
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Dec 26, 2012
12/12
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you can take the last three presidents, clinton, bush, obama and people haven't just disagreed with them, they've hated them. to me, that's really terrible. that's a cancer that's eating at our politics. >> rick: he also said that even with the last three presidents being worse than he's ever seen, the last two years have been absolutely the worse that there has been an amount of inability to work together and compromise and it's completely stopping our system from making progress. >> clayton: he's been praised by republicans and democrats, but also vilified by both republicans and democrats, thinking he's grand standing and an opportunist. i read his book called "in praise of public service." i love to read all the politicians books when they came out. he believed that no -- >> gretchen: i liked that -- >> clayton: it was a thin back. i could get through in a flight with big type and wide margins. he talked about -- he didn't think we needed any sort of caps or term limits. he believed that we should have it open ended. >> gretchen: really? >> clayton: he believed it was a duty to serve
you can take the last three presidents, clinton, bush, obama and people haven't just disagreed with them, they've hated them. to me, that's really terrible. that's a cancer that's eating at our politics. >> rick: he also said that even with the last three presidents being worse than he's ever seen, the last two years have been absolutely the worse that there has been an amount of inability to work together and compromise and it's completely stopping our system from making progress....
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Dec 26, 2012
12/12
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KRON
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clinton andclinton tarantino die unchain and a musical light as a route which opened yesterday are expected to help 2012 and not a high note. does the customs and is expecting it again and we did it that confirmed it. 9656 right now yesterday was rainy and ugly, today not so much. we have breezy wet rather but said thursday the sun comes back and we have left over showers lingering into the weekend. sunday looks to be a little clearer and the work week i can't cut the workweek we have new year's next week. nationwide weather, there are it storms walloping the various areas. it is very busy at s f of dropping off luggage in giving hugs. i just these, sorry about that. little rock arkansas is against the honor national map has a eight storm across the nation. we will be right back.
clinton andclinton tarantino die unchain and a musical light as a route which opened yesterday are expected to help 2012 and not a high note. does the customs and is expecting it again and we did it that confirmed it. 9656 right now yesterday was rainy and ugly, today not so much. we have breezy wet rather but said thursday the sun comes back and we have left over showers lingering into the weekend. sunday looks to be a little clearer and the work week i can't cut the workweek we have new...
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Dec 27, 2012
12/12
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FOXNEWSW
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fox and friends anchor clinton morris is here to answer questions. >> we got questions in from jew viewers. i got an hp lap top i want to put my phone to it but it says it will ee ras my ifshg phone data. >> you can do this. here's my tip. apple is moving away from sinking to a computer using a cord. in your phone or in your ipad go into icloud and start backing up using icloud that. means you don't have to be tethered to any one type of computer. but if you want to sink to your computer go on the new computer launch itunes as your new account type in your name and laufrp that account and when you connect that device you will be able to begin moving content over your songs and all of those things over. but i would say do icloud that way you don't have to be tied to any one die vice. >> sounds a lot simpler. a oo this is another question this comes in from diane. is there a way to connect my broadband air part to nexus tablet? >> air cards are the type you stick into the side of the lap top you use the usb input it is sticking out a little bit by planning. you cannot use it that way. that i
fox and friends anchor clinton morris is here to answer questions. >> we got questions in from jew viewers. i got an hp lap top i want to put my phone to it but it says it will ee ras my ifshg phone data. >> you can do this. here's my tip. apple is moving away from sinking to a computer using a cord. in your phone or in your ipad go into icloud and start backing up using icloud that. means you don't have to be tethered to any one type of computer. but if you want to sink to your...
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Dec 22, 2012
12/12
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KICU
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secretary of state hillary clinton could not attend the ceremony. she is recovering from the flu and a concussion from a fall. >>> the christmas holiday began on capitol hill without an agreement reached on how to avoid the fiscal cliff. president obama called on party leaders to take action before he left for his holiday vacation in hawaii. >> good afternoon. >> reporter: after speaking with leaders friday afternoon president obama called on congress to quickly come up with a solution to avert some tax hikes and spending cuts. >> i have asked leaders to work towards a package that presents a tax hike, protects unemployment insurance, and lays the ground work for further work on both growth and deficit reduction. >> reporter: remarks came after speaker of the house john boehner failed to bring plan b to the floor. it would have raised taxes on those americans making more than $1 million a year. >> we had a number of our members who just really didn't want to be perceived as raising taxes. >> reporter: the two sides left blaming each other for inacti
secretary of state hillary clinton could not attend the ceremony. she is recovering from the flu and a concussion from a fall. >>> the christmas holiday began on capitol hill without an agreement reached on how to avoid the fiscal cliff. president obama called on party leaders to take action before he left for his holiday vacation in hawaii. >> good afternoon. >> reporter: after speaking with leaders friday afternoon president obama called on congress to quickly come up...
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Dec 27, 2012
12/12
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CSPAN
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awful people in the clinton administration. that is true. agreed. greed is good. hollywood movies are about greed. oliver stone tried to warn against it. instead, wall street bankers were imitating gecko, like war movies that create warmongers. at the same time, you had another explanation which had to do with the way in which the finance tapped into a competing power. -- into computing power to create complex derivatives. all that is true. but what is underlying this and the crisis and the reason why the world economy fails to recover is that this surplus recycling mechanism -- this weird, wonderful, audacious surplus recycling mechanism from 1971 which poker helped put together as the chairman of the fed -- which paul volcker helped put together is the chairman of the fed in the late 1970 fell and 1980's, it broke down. in 2008, when lehman brothers broke down, and the others followed and had to be bailed out by you, what happened was the united states of america lost its capacity to utilize its trade deficit in order to recycle other people's problems. -- profi
awful people in the clinton administration. that is true. agreed. greed is good. hollywood movies are about greed. oliver stone tried to warn against it. instead, wall street bankers were imitating gecko, like war movies that create warmongers. at the same time, you had another explanation which had to do with the way in which the finance tapped into a competing power. -- into computing power to create complex derivatives. all that is true. but what is underlying this and the crisis and the...
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Dec 26, 2012
12/12
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FBC
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. >> clinton lowered the capital gains tax and because of that a huge boom in the stock market. >> the tax cuts barely passed at the early part of 2000. why didn't they make them permanent and we could have avoid this had kind of discussion? >> tax policies extremely difficult. they put it through the so-called reconciliation process, which doesn't require 60 votes. reconciliation laws, sunset after ten years, they're not permanent and that's why this one is sunsetting, rather than having done a, you know, a long-term tax reform bill. and tax reform is very difficult. >> why can't we get sunsetting on spending, and no sunsetting on tax cuts. we shouldn't be, that's what we should be sunsetting are the spending bills. we should be talking about wind energy that needs to be sunsetted, soon. you bring up the side of the cliff that no one talks about. the sequester, the automatic spending reduction, i don't think it would be a bad thing if washington took the sequester and showed that they could cut spending. >> because we have a never budget balancing act going on with the journalist poin
. >> clinton lowered the capital gains tax and because of that a huge boom in the stock market. >> the tax cuts barely passed at the early part of 2000. why didn't they make them permanent and we could have avoid this had kind of discussion? >> tax policies extremely difficult. they put it through the so-called reconciliation process, which doesn't require 60 votes. reconciliation laws, sunset after ten years, they're not permanent and that's why this one is sunsetting, rather...
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Dec 26, 2012
12/12
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MSNBCW
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of president clinton calling it arithmetic. you need a majority. why are you trying to make it more complicated than it is. >> is mitch mcconnell going to save the day? >> i don't know about that, but let me take issue. the republican conference in the house is very conservative. we are seeing a very conservative conference that may not coming to to vote on something, even if nancy pelosi can corral the democrats, they need to pick off republicans. we don't know if any of them would vote for something like this. john boehner is ready to strike a deal. i'm not sure many others are. in the senate we have seen a number of conservative republicans saying they would vote. >> 20 republican votes? >> at this point it's very hard to say. i think john boehner would probably be trying to go in that direction if he could. we haven't seen enough house republicans come out yet and say they would support tax increases. if you have tom coal who broke with his party leadership and the party ranks about three weeks ago or so. we haven't seen enough say they would.
of president clinton calling it arithmetic. you need a majority. why are you trying to make it more complicated than it is. >> is mitch mcconnell going to save the day? >> i don't know about that, but let me take issue. the republican conference in the house is very conservative. we are seeing a very conservative conference that may not coming to to vote on something, even if nancy pelosi can corral the democrats, they need to pick off republicans. we don't know if any of them would...
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Dec 22, 2012
12/12
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KOFY
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. >> president obama announced his choice to rae place clinton as secretary of state and as expected it is massachusetts senator john kerry. the president praised kerry qualifications today at the white house saying his life has prepared him for this job. kerry has served as chairman of the senate foreign relation committee and decorated vietnam veteran and leading contender for the post after susan rice withdrew her name from consideration last week. >> well december 21 arrived and the world did not end this morning hundreds office people converged on any chen mayan site to witness dooms day just in indicates it happen. hundreds also gathered at stonehenge in england. fichlt lively group us a cap see. april khent mayan calendar end today. some believed the world would end but some mayan experts say the fact we are all sincere proves the calendar doesn't mark an ending because new beginning. all matter of interpretation. >> well the end of the world is part of jib jab 2012. they play off politic expanding the reach. here's a look at some of this year folly. ♪ it's the end of creati
. >> president obama announced his choice to rae place clinton as secretary of state and as expected it is massachusetts senator john kerry. the president praised kerry qualifications today at the white house saying his life has prepared him for this job. kerry has served as chairman of the senate foreign relation committee and decorated vietnam veteran and leading contender for the post after susan rice withdrew her name from consideration last week. >> well december 21 arrived and...
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Dec 28, 2012
12/12
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FBC
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>> the clinton rate was 39%. dennis: share of tax dollars. >> overall share, how do you measure that? the fact is you equate in terms of wealth as opposed to income is even greater. a small percentage of americans own all the wealth. i thought you were talking about marginal tax rates. if it was marginal tax rates we're doing fine -- dennis: the bottom half of earners pay zero federal income-tax. they pay sales taxes and% income-tax. [talking over each other] >> they pay less than nothing because we get earned income tax credit. dennis: all right, sounds good to me. [talking over each other] dennis: we will cut you down. shibani: the fiscal cliff survival kit is here. the market's jump in and fiscal cliff years. what should you do to protect your money, your portfolio, your sanity, your 401(k)? joining us is president and ceo of shaver asset management dan shaffer. good to have you on this friday, big day for the market. all these talks, i noticed movement in bond prices. in the currency market, what is your tech
>> the clinton rate was 39%. dennis: share of tax dollars. >> overall share, how do you measure that? the fact is you equate in terms of wealth as opposed to income is even greater. a small percentage of americans own all the wealth. i thought you were talking about marginal tax rates. if it was marginal tax rates we're doing fine -- dennis: the bottom half of earners pay zero federal income-tax. they pay sales taxes and% income-tax. [talking over each other] >> they pay less...
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Dec 27, 2012
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>> i think bill clinton, president clinton and secretary as secretary -- hilary as secretary of state do not like me very much. i was chair of the government oversight committee during the time we were investigating whitewater and we were investigating campaign contributions that came from sources outside the united states and from various people. there was an awful lot to that. we had people testifying like ohnny chonung, they had contributed money to gain favor with the white house. and they came into the kitchen at hong kong and said we wonder -- we like your president and we want to contribute to his campaign. the man who said that was the equivalent of the cia. these were people who were under oath and swore to this and we also had over 100 people take the fifth amendment or flee the country. there was a lot there. that is not to say that president clinton did not do some good things. he worked with newt gingrich and we got out from under some difficult financial problems but i do believe and i still believe there was some illegal activities that took place and we were unable to
>> i think bill clinton, president clinton and secretary as secretary -- hilary as secretary of state do not like me very much. i was chair of the government oversight committee during the time we were investigating whitewater and we were investigating campaign contributions that came from sources outside the united states and from various people. there was an awful lot to that. we had people testifying like ohnny chonung, they had contributed money to gain favor with the white house. and...
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Dec 27, 2012
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but clinton did quite well but only because ross perot was running. very complicated. in terms of it being a national figure, someone reaching across the aisle, you haven't seen that. one of the things that h.w. did while he was in office, he he cut a budget deal raising some taxes with some republican support. >> and that's what made his legacy as a one-term president. >> and that's what killed him. but he was at that turning point when conservatives were no longer willing to accept that. conservatives didn't complain so much earn him. so things were changing the the point being we've moved on from that period in which you can have that sen trit government leadership. >> views have changed. it does look like we could be headed over the cliff. we don't have much time left. we'll see retroactively if that allows for a deal to be reached. >> yes. >> tim stanley, going through all of this with us. an author, as well. >> merry christmas. >> and to you. >>> now, former u.s. president is. >> intensive care at a houston hospital. the 88-year-old was moved to the icu sunday. p
but clinton did quite well but only because ross perot was running. very complicated. in terms of it being a national figure, someone reaching across the aisle, you haven't seen that. one of the things that h.w. did while he was in office, he he cut a budget deal raising some taxes with some republican support. >> and that's what made his legacy as a one-term president. >> and that's what killed him. but he was at that turning point when conservatives were no longer willing to...
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Dec 27, 2012
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newt gingrich weighing in on hillary clinton. what about that one? >> is this going to come at the end of his second term with a moon colony? you know. newt gingrich coming to hillary clinton's defense, i suppose we shouldn't be surprised. i'm still going to have a head-wrenching moment because wasn't he the guy who had something to do with impeachment? it's nice that he's gone back to his olympian position of musing on the state of politics. he couldn't really predict his own politics in his own primary very well. it's true that people might try and throw rocks at her. i just think stepping out of the washington fray means that she doesn't need to deal with this right now. so in terms of her own position, it's not like she's a nominee. she has to deal with congress. she doesn't even -- she managed to dodge the whole situation on benghazi pretty well for herself. you know, the tougher questions are being faced by her old foe, the president right now, who's in this incredibly difficult position. and losing stwo nominees is not a small thing. it does i
newt gingrich weighing in on hillary clinton. what about that one? >> is this going to come at the end of his second term with a moon colony? you know. newt gingrich coming to hillary clinton's defense, i suppose we shouldn't be surprised. i'm still going to have a head-wrenching moment because wasn't he the guy who had something to do with impeachment? it's nice that he's gone back to his olympian position of musing on the state of politics. he couldn't really predict his own politics in...
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Dec 26, 2012
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secretary of state, hillary clinton, defense secretary bob gates. but you did not have, again, your labor secretary. you didn't have your commerce secretary, your energy secretary. so he relied on sort of the people just around him. i think this administration and the president should do a better job of getting his cabinet out there, because, frankly, most americans don't even know who the rest of the cabinet members are. >> finer point on it, roland. do you think the president is sending a message that he won't fight for his nominees? >> well, i think what he's doing is, he's picking and choosing his battles, but he needs to understand, the last four years, republicans fought him on everything. he should send the signal, i'm not going to play the games we played the last four years. i'm going to be very aggressive, and if you want to deny me my choice, then you should vote that person down. he should have put her forward, and look, if he wants former senator chuck hagel, put him forward as well, and tell the senate, i dare you to do it. >> alice, t
secretary of state, hillary clinton, defense secretary bob gates. but you did not have, again, your labor secretary. you didn't have your commerce secretary, your energy secretary. so he relied on sort of the people just around him. i think this administration and the president should do a better job of getting his cabinet out there, because, frankly, most americans don't even know who the rest of the cabinet members are. >> finer point on it, roland. do you think the president is sending...
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Dec 27, 2012
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restore the clinton tax levels only at the top, right? you're making permanent the bush tax cuts that virtually all democrats opposed in the first place. >> and there are other ways that we need to explore that would involve raising revenue, which i think is the other part of your question. >> yes. >> closing those loopholes, for example, the tax breaks for companies that send jobs overseas, closing some of the other tax breaks and credits is again common ground that we need to explore in the longer run, but right now, what needs to happen is to extend those tax cuts for households earning less than $250,000 a year or to put it more accurately, to extend those tax cuts on the first $250,000 that everybody makes. >> so if i could, ron, i'm clear the president still has a deal sitting out there he's offered that would extend the tax rates for anyone making under 400 and make adjustments for social security. i'm wondering if the senator is backing away from that as well. are you and the democrats in the senate suggesting you're not intereste
restore the clinton tax levels only at the top, right? you're making permanent the bush tax cuts that virtually all democrats opposed in the first place. >> and there are other ways that we need to explore that would involve raising revenue, which i think is the other part of your question. >> yes. >> closing those loopholes, for example, the tax breaks for companies that send jobs overseas, closing some of the other tax breaks and credits is again common ground that we need...
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Dec 24, 2012
12/12
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tax rates, you're not returning to president clinton spending. and you have $16 trillion in debt. all of which, 60% of it matures in the next three years. so this is -- this is so much more of a precarious position, and -- >> so that should have a less impact. >> here's what this requires -- >> -- on the markets and on the economy. >> here's what this requires, guys, ultimately. this president doesn't ever have to run for election again, for anything. right? what this requires are a group of men and women on capitol hill who will stand up and say, i'm going to go head, and i'm going to put my own political future at risk, do what will move us forward. there are husbands and wives all over the country who disagree on an issue. and they sit at their kitchen table and they say, no, i believe strongly in my point of view. but eventually one side gives and says, okay, let's try it your way. if all we do is stay at the kitchen table and neither one is willing to give, we can keep electing a new crop and they do the same thing again and again and again.
tax rates, you're not returning to president clinton spending. and you have $16 trillion in debt. all of which, 60% of it matures in the next three years. so this is -- this is so much more of a precarious position, and -- >> so that should have a less impact. >> here's what this requires -- >> -- on the markets and on the economy. >> here's what this requires, guys, ultimately. this president doesn't ever have to run for election again, for anything. right? what this...
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Dec 26, 2012
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. >> clinton tarantinsl django unchained and the musical a malabo which opened yesterday are expected of 2012 ended on a high note. >> jessica sense and has announced that she is expecting another baby. >> on tuesday, since we did a photo of her baby daughter playing in the sand with the words quotation marks because this quotation marks spelled out. >> 32 year-old weight watchers spokeswoman has been rumored to be expected again. >> the twinkie appear to confirm the rumors. >> sense and you tweaked back on halloween of last year to announce the privacy of our first child. >> new web all the latest as we are live as at all. we are taking a look at the local roadways as well. starbucks is making a political statement with its cups, more on how they're trying to bridge the fiscal cliff. plus wet weather lane area across the bay area this morning. will check your wednesday forecast the kron 4 morning news continues in two minutes >> good morning. the top stories we're following this wednesday, december 26th. it is a day after christmas which makes it is a big travel day across the countr
. >> clinton tarantinsl django unchained and the musical a malabo which opened yesterday are expected of 2012 ended on a high note. >> jessica sense and has announced that she is expecting another baby. >> on tuesday, since we did a photo of her baby daughter playing in the sand with the words quotation marks because this quotation marks spelled out. >> 32 year-old weight watchers spokeswoman has been rumored to be expected again. >> the twinkie appear to confirm...
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Dec 26, 2012
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let's remember bill clinton knew you had to cut capital gains taxes to stimulate capital formation and investment that grew the economy in the '90s, pretty robustly, i think democrats would agree. so there is a whole set of things that have to be done in order to keep this economy out of dipping back into a recession which is why we have missed the real conversation set very well by democrats and republicans on the bipartisan debt commission. for every one dollar in increased revenue, we need four dollars in spending cuts. the president has failed to meet that level. >> you had a bill on the floor of the house, and boehner failed to get that pushed through. what happened there? >> that was -- boehner's leadership, without a doubt, i think, took a huge hit with that one, but that still represents one-tenth of the problem. where's the president's leadership on spending? >> that represents the entire problem. >> really? not according to the bipartisan debt commission. revenues represent the entire problem. >> this is the speaker of the house that can't do his job, that's what that represe
let's remember bill clinton knew you had to cut capital gains taxes to stimulate capital formation and investment that grew the economy in the '90s, pretty robustly, i think democrats would agree. so there is a whole set of things that have to be done in order to keep this economy out of dipping back into a recession which is why we have missed the real conversation set very well by democrats and republicans on the bipartisan debt commission. for every one dollar in increased revenue, we need...
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Dec 28, 2012
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we're going back to the clinton era tax rates and we boom then. the reason it didn't pinch us then, now it's deem and then it was great. i think the difference is the economy was improving, incomes were going up, housing prices were going up, people felt better. home prices are going up. that's a good thing, and the income issue is where we need to solve the problem. >> that's right. >> people can handle higher taxes if they make more money. part of that -- i'm going to get preachy here, reverend. the american people have to make a decision about what's important. keeping your neighbors employed. i know cost matters to a lot of people. my parents poet grew up poor. look the at what you buying if it koths made in mechanic and kips your neighbor working at a higher wage at a u.s. facility, think about that decision you're pak maiking. there's no country in the world -- sorry i'm off on a tangent. there's no country in the world where wages are high but goods are sold cheaply. you can't have both. >> it's been stagnant in the last decade. incomes hav
we're going back to the clinton era tax rates and we boom then. the reason it didn't pinch us then, now it's deem and then it was great. i think the difference is the economy was improving, incomes were going up, housing prices were going up, people felt better. home prices are going up. that's a good thing, and the income issue is where we need to solve the problem. >> that's right. >> people can handle higher taxes if they make more money. part of that -- i'm going to get preachy...
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if we go off the cliff, then tax rates revert to where they were in the clinton years and remember that only affects half of the taxpayers in the country because only half of the people pay income tax so it's not 97%. it's actually only the top half. and that may not be so -- such a bad consequence from his point of view. it also brings in a significant amount of revenue, which allows him to spend in the way that i think he'd like to do, so it could take a good bit of pressure off of him and, you know, i'm just concerned that he may not feel the same pressure to keep taxes low as the rest of us do. he probably is not a believer that high tax rates would impede the economy at least not to the same extent that i believe that. >> yeah. finally, you know, a lot of the bulls who are encouraging investors to get into the market over the next 12 months say that cap x would come back even with a band-aid, that companies with all their cash and their refinancings have money to spend and that they will spend it in the new year. are you seeing any empirical evidence that suggests that is actually
if we go off the cliff, then tax rates revert to where they were in the clinton years and remember that only affects half of the taxpayers in the country because only half of the people pay income tax so it's not 97%. it's actually only the top half. and that may not be so -- such a bad consequence from his point of view. it also brings in a significant amount of revenue, which allows him to spend in the way that i think he'd like to do, so it could take a good bit of pressure off of him and,...
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Dec 30, 2012
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you had secretary of state clinton saying that assad was a rehe former, someone we could work with. so there's apprehension towards a more aggressive policy, but what matters the most, the facts on the ground, that al-qaeda are again the fighters on the ground in places, and it's difficult to try and develop a relationship with an opposition that includes them. >> clayton: let's talk oil, number three on the list. and an act of sabotage on the oil infrastructure? >> absolutely, everyone focuses on the tension between israel and iran, but the tension between iran and saudi arabia and other arab countries is just as intense and there was a dramatic escalation in the property war between iran and saudi arabia and iranians most people believe was behind cyber attacks on the saudi oil infrastructure. now that's on the target list for iran, bad for the u.s. economy. even if the attack isn't completely successful, what that does for the economy and the markets really hurts all americans. >> clayton: the muslim brotherhood, now in power basically in egypt of course, this was something that
you had secretary of state clinton saying that assad was a rehe former, someone we could work with. so there's apprehension towards a more aggressive policy, but what matters the most, the facts on the ground, that al-qaeda are again the fighters on the ground in places, and it's difficult to try and develop a relationship with an opposition that includes them. >> clayton: let's talk oil, number three on the list. and an act of sabotage on the oil infrastructure? >> absolutely,...